- Marathon Gold Corporation (MOZ) has been issued a positive decision statement in the federal environmental assessment for the Valentine Gold Project
- The approval was issued by the Honourable Steven Guilbeault, Minister of Environment and Climate Change Canada
- With this, the Valentine Gold Project has now been fully released from environmental assessment in both the province of Newfoundland and Labrador and federally
- This has, therefore, allowed development to proceed based on applicable permitting
- Marathon is a Toronto-based gold company advancing its 100-per-cent-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world
- Marathon Gold Corporation opened trading at $1.74 per share
Marathon Gold (MOZ) has received a positive decision statement in the federal environmental assessment for the Valentine Gold Project.
The approval was issued by the Honourable Steven Guilbeault, Minister of Environment and Climate Change Canada.
With this, the Valentine Gold Project has now been fully released from environmental assessment in both the province of Newfoundland and Labrador and federally.
“Today’s news comes slightly more than three years since the start of formal environmental assessment of the Valentine Gold Project,” noted Matt Manson, President and CEO.
“During that time the company has conducted extensive environmental and social impact studies, and undertaken comprehensive community and stakeholder engagement, all designed to support a successful and sustainable gold mining operation at the Valentine Lake area of central Newfoundland,” he added.
The completion of an environmental assessment is a significant milestone. The company now looks forward to advancing the Valentine project towards construction and mining.
Marathon previously reported the issuance of the project’s mining and surface leases by the Newfoundland and Labrador Department of Industry, Energy and Technology.
Permitting is ongoing for initial construction activities such as tree clearing, quarrying, earthworks, accommodation camp installation, road upgrades and culvert installations.
The completion of the federal environmental assessment now allows permits to be acquired for on-site activities pertaining to federal jurisdiction.
Marathon is a Toronto-based gold company advancing its 100-per-cent-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world.
Marathon Gold Corporation opened trading at $1.74 per share.